Tag: expense vs capitalize assets
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De Minimis Safe Harbor & Routine Maintenance: How Small Businesses Can Expense Tools, Equipment, and Repairs
When you buy new equipment, it makes sense to capitalize large purchases and take annual depreciation. But is that really necessary for every small tool or repair? Wouldn’t it be easier to expense smaller items in the same year you buy them? The IRS agrees. That’s where De Minimis Safe Harbor and Routine Maintenance Safe Read more